Bottles & jars are highly preferred as they are light weight,
safe, flexible, and most importantly, 100% recyclable. Adding to this, PET
delivers excellent performance in extreme conditions such as high temperature,
moisture, and humidity. PET packaging is preferred in the food industry because
it maintains the freshness of food items and increases the shelf life. It is
also highly used in beverages and CSD (carbonated-soda drink) because of the
anti-contaminable property.

Food segment is projected to grow at the fastest rate during the
forecast period

The PET packaging market is segmented on the basis of end-use
industry into food, beverage, personal care, household products,
pharmaceutical, and others which include consumer durables. In 2015, the food
segment accounted for the largest share of the end-use industry segment and it
is projected to grow at a highest CAGR during the forecast period. To maintain
the shelf quality of the food and to deal with external environment conditions,
PET packaging is highly preferred because of its resistance to chemical, acid,
and oil. Additionally, the hot-sealable property of PET helps to manufacture
the seal-tight lids and caps. It also plays a crucial role in transportation
and logistics because of the light weight.

Asia-Pacific to play a key role in the market for PET packaging

On the basis of key regions, the market for PET packaging is
segmented into North America, Europe, Asia-Pacific, and Rest of the World
(RoW). The low labor costs, excellent industrialization, a huge scope for FDI,
emerging economic conditions, and an excellent hold on industries such as food,
retail, beverage, construction, and pharmaceutical & healthcare have played
a key role in the growth of the market for PET packaging in the Asia-Pacific
region.

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